Euronext rapeseed corrects slightly downwards

Rapeseed prices were consolidating slightly this Thursday at mid-session on Euronext, after having jumped to their highest level in over a year and a half at the previous day's close. The drop in the eurodollar parity after the election of Donald Trump has indeed given an additional upward boost to the trend, within a European market already under tension after particularly poor sunflower harvests. Competition from import sources, particularly Canadian canola Vegetable oil prices are continuing their upward rally, both on the Malaysian Stock Exchange and in Chicago. The customs duties promised by Donald Trump could indeed cause a sharp increase in American domestic consumption. Bean prices remain on an upward trend across the Atlantic, ...